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NIFTY Intraday Trade Setup For 7 Jul 2022NIFTY Intraday Trade Setup For 7 Jul 2022 Buy-Above 16025 Sl-15070 T-16110 16200 16300 Sell-Below 15900 Sl-15950 T- 15850 15800 NIFTY has formed a good bullish candle in daily TF. Technically its an inside candle with bullish sentiment. Index has closed above the daily resistance - 15930. Above 16025 index is ready to test 16600. Closing is near day high. So it is likely to trigger the buy trade tomorrow. Best trade will be on a flat opening. Coming to tomorrow's trade setup, if index opens flat and 5 Min candle closes above our buy level- 16025. we will long for the target of 16110, 16200 and 16300. In case a 15 Min candle closes below 15910. We will short for the target of 15850 and 15800. Below 15780 fresh downside move is expected. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. High probability trade is in buy side. Intraday Resistance- 16300 Intraday Support- 15800
NSE:NIFTY
by Omahto
Morning Mantra, 6th July 2022Good Morning! It has been quite a few days now that Nifty has been repeatedly following a pattern of not being able to cross over the crucial Resistance levels of 15850-15950 on a closing basis. On the other hand, on a positive note, it has also been beautifully taking a support at our stated level of 15700. Thereby, indicating some hope & positivity in the Market. As even yesterday, even after making a beautiful high of around 16025 in the first half, Nifty had somehow failed to stably sustain over the stated levels of 15850-15950 on a closing basis. Which has, once again created a concern. Therefore, on considering this rigid cycle of momentum by Nifty, we will have to stay cautious as of now, and wait for Nifty to take a clear cut direction of either above the Resistance zone of 15850-15950, or below the strong support level of 15700 on a closing basis. So, until then, continue being stock specific as of now. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15810.85 (-24.50) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIfty July month expectation and analysis i am expecting a test down of 15178, 14887.90, 14680 levels before 18th july current market price as of 5th july is 15810 18july to 5-8 august might be a consolidation and momentum divergence period only if above 15178-14887-14680 level are sustained will buy on based on momentum divergence of macd or rsi (best will the double bottom bullish divergence) NOTE; this levels are drawn based on previous data considering 4th april 22' high this analysis is only based on technical factors no fundamentals or news are factored level and support resistance are drawn from schiff pitchfork, trend based fib time, trend based fib extensions THIS IS JUST MY POV NOT AN SEBI REGISTERED ANALYST JUST A SELF LEARN ENTHUSIAST
NSE:NIFTY
by Jimmy_Rebello
NIFTY Intraday Trade Setup For 6 Jul 2022NIFTY Intraday Trade Setup For 6 Jul 2022 Sell_1- 15980 Sl-16030 T-15900 15800 Sell_2- Below 15780 Sl-15840 T-15700 15600 Buy-Above 16030 Sl-15980 T-16100 16200 NIFTY has made a shooting star candle in daily TF. It failed to close/sustain above 15950(Daily Resistance). Last day we planned to buy above 15855. But it opened with 0.5% gap up and a 5 Min candle closed above 15950 and gave a move till 16025. Then from the psychological resistance- 16000 it crashed till 15780 and closed at day low. Coming to tomorrow's trade setup, if index opens flat we will sell below 15785 for the target of 15700 and 15600. In case we see a gap up and 15980 is tested in the 1st one hour then we will short from there with PDH as sl for the target of 15900 and 15800. In case a 15 Min candle closes above 16030 then we will long for the target of 16100 and 16200. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
Morning Mantra, 5th July 2022Good Morning! Once again, the level of 15700 was proven to be of great significance. As we had witnessed a beautiful recovery in the index from the stated level, yesterday. Where, on a positive note Nifty took a good attempt in crossing over 15850. Although, it somehow failed to give a closing of above the stated level, but we are still positive on the Market. As with the strong support at 15700 on a closing basis we are expecting to witness a cross over and a positive closing of above 15850-15950, very soon. Until then continue being stock specific. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15835.35 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 5 Jul 2022NIFTY Intraday Trade Setup For 5 Jul 2022 Buy-Above 15855 Sl-15800 T-15950 16050 Sell-Below 15730 Sl-15890 T-15650 15550 NIFTY has given a bullish momentum above hammer candle's high which was formed on Friday. We planned to but above 15790. As soon as a candle closed above , it gave a nice momentum till 15850. This is likely to continue. Coming to tomorrow's trade setup, if index opens flat and a 1/5 Min candle closes above 15855. We will long for the target of 15950 and 16050. For selling we need a 15 Min candle close below 15735. Below that target will be 15650 and 15550. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Safe traders should consider buying after a pullback. Intraday Support- 15635 Intraday Resistance- 16065
NSE:NIFTY
by Omahto
Morning Mantra, 4th July 2022Good Morning! In the last trading session, we had observed that even after making a low of around 15511, Nifty had managed to show us a beautiful recovery and consequently a positive closing of above our stated level of support of 15700. Thereby, reflecting a strength in the Market. As of now, as the Index seems to be preparing a platform for the levels of 15850-15950, it will be a good sign for the Market, if Nifty manages to give a closing of above the aforementioned stated levels. Until then, continue staying stock specific. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15752.05 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 4 Jul 2022NIFTY Intraday Trade Setup For 4 Jul 2022 Buy-Above 15790 Sl-15690 T-15880 15945 16050 Sell-Below 15630 Sl-15690 T-15520 15370 NIFTY has formed a hammer candle in daily TF, indicating a bullish momentum in the coming days. This will be active above 15800. 1st target will be 16050-70 and then 16200 and 16300 on the way. Picture will be more clear once we close above 15950 in daily TF. Coming to Monday's trade setup, if index opens flat we will buy above Friday's high- 15795 for the target of 15945 and 16050. In between 15890 is there. For selling we need a 15 Min candle close below 15635. Post breakdown target will be near Friday's low- 15520. Below 15500 index will head towards 15370. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Resistance- 16065 Intraday Support- 15500
NSE:NIFTY
by Omahto
4
Morning Mantra, 1st July 2022Good Morning! As per the ongoing scenario, it seems that the fight in between the Nifty levels is still on. Wherein, a Doji formation at the current levels, is somehow once again indicating an indecisive mode in Nifty. However, with an immediate support of 15700 on a closing basis, we are expecting to witness a jump in the index for the levels of 15850-15950. So, until then stay cautious and be stock specific. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15780.25 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 1 Jul 2022NIFTY Intraday Trade Setup For 1 Jul 2022 Buy-Above 15850 Sl-15800 T-15930 16018 Sell-Below 15700 Sl-15750 T-15620 15550 NIFTY has closed absolutely flat on Expiry day. A doji formed in daily daily charts, which is a sign of in trend pause. Last day we planned to buy above 15860, gave a 30 points move then a reversal candle was formed and index fell to make a new low. BANKNIFTY moved higher and held itself at 33330 throughout the day. Whereas NIFTY was weak and a selling pressure is what we saw. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 15700. Below its low we will short for the target of 15620 and 15550. With a flat opening if a 15 Min candle closes above 15850, we will long for the target of 15930 and 16018. Safe traders should wait till 15930 is sustained in the higher side. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Support- 15550 Intraday Resistance- 16018
NSE:NIFTY
by Omahto
Morning Mantra, 30th June 2022Good Morning! It’s again back to back a second day where after a Gap down opening by Nifty, we had witnessed a recovery in the index during the day. However, unfortunately despite its attempt, the index was once again unable to give a closing of above its crucial Resistance level of 15850 yesterday. So, as of now we are still with our words that a stable closing of above the stated zone of 15850-15950 will be very important for the Market. Until then stay cautious, be stock specific and avoid being too aggressive in the Market. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15799.10 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 30 Jun 2022NIFTY Intraday Trade Setup For 30 Jun 2022 Buy-Above 15862 Sl-15800 T-15950 16020 16100 Sell-Below 15700 Sl-15750 T-15620 15555 15485 NIFTY has closed with 50 points cut today. It opened with a big gap down today. The 1st 15 min candle was a bullish reversal candle- dragonfly doji. As soon as the high broke it gave a directional move from 15730 to 15860. In between the 10 o'clock range broke upside. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 15860, we will long for the target of 15950, 16020 and 16100. For selling we need a 15 Min candle close below 15700. Below that candle's low we will short for the target of 15620, 15555 and 15485. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Support- 15700 Intraday Resistance- 16020
NSE:NIFTY
by Omahto
Morning Mantra, 29th June 2022Good Morning! A beautiful recovery was observed from the lower levels of Nifty, in the yesterday’s trading session. Although, unfortunately the index was unable to give a closing of above 15950. Therefore, just as we have mentioned earlier, a lot of resistance can be faced at around the levels of 15850-15950. Thereby, for the short term, be cautious until Nifty gives a closing of above the stated level of Resistance. Also, be stock specific, as of now. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15850.20 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 29 Jun 2022NIFTY Intraday Trade Setup For 29 Jun 2022 Buy-Above 15930 Sl-15880 T-16000 16050 Sell-Below 15780 Sl-15840 T-15710 15620 NIFTY has closed almost flat today. Closing is at day high. This positive sentiment may continue above today's high. Last day we planned to sell below 15815. It triggered and gave 50 points, 1:1 profits. Coming to tomorrow's trade setup, if index opens flat and a 15 min candle closes above the trendline resistance plotted. We will long for the target of 16000 and 16050. Safe traders should enter above 15930 on a 15 Min candle close. In case a 15 Min candle closes below 15790 then below 15780 we will short for the target of 15710. Below 15700 next move will come till 15620 and 15500. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Resistance- 16200 Intraday Support- 15485-15500
NSE:NIFTY
by Omahto
Morning Mantra, 28th June 2022Good Morning! Finally, yesterday we reached our stated Resistance level of 15850 from the crucial level of 15270. As fascinatingly, in the yesterday’s trading session, Nifty had managed to make high of around 15927. However, unfortunately due to facing a selling pressure at the levels, it was unable to give us a closing of above 15850, yesterday. While on the other hand, just as we had stated, similarly a lot of stock specific recovery had been witnessed in the case of several sectors. Moving ahead, as of now, the levels of 15850-15950 will work as a crucial resistance zone for the Index. Where, above the stated zone, the situations will be much favourable for the bull side. Until then continue being stock specific, as of now. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15832.05 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 28 Jun 2022NIFTY Intraday Trade Setup For 28 Jun 2022 Buy-Above 15930 Sl-15880 T-16000 16100 Sell-Below 15810 Sl-15865 T-15700 15620 NIFTY opened with a big gap up with nearly 1.5% gain. It opened at our buy target and resistance -15900. As a result it fell from resistance- 15900 till 15816. It has closed at day low. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 15815. we will short for the target of 15700 and 16620. In case a 15 Min candle closes above 15930, we will long for the target of 16000 and 16100. If it opens gap down and the the 1st 5 min candle is a bullish pin bar/ hammer then above its high we will long. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Support- 15700 Intraday Resistance- 16200
NSE:NIFTY
by Omahto
Morning Mantra, 27th June 2022Good Morning! Just as we had stated about us being quite hopeful to witness a sharp recovery and a closing of above 15580 on the last Trading day, fortunately we did witness the very same in the Market on last Friday. Well, for now, it seems like Nifty is very near to reach its next Level of Resistance of 15850. Where along with it, profit booking opportunities can be expected at this level once again. Moreover, now a closing of above 15850 will be very important for the upcoming days. Till then review your portfolio and be stock specific. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15699.25 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 27 Jun 2022NIFTY Intraday Trade Setup For 27 Jun 2022 Buy-Above 15750 Sl-15700 T-15830 15900 16000 Sell-Below 15620 Sl-15670 T-15530 15450 15400 NIFTY has given a good upside momentum after Pin bar candle was formed on 20 Jun. Activation was above 15400. Index is likely to touch 16200 in the coming days above 15900. The weekly candle is an inside candle above mother candle's high- 15900 we can expect a upside momentum. Below 15180 next downside move will be active for 14400. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 15750. We will will for the target of 15830, 15900 and 16000. For selling we need a 15 Min candle close below 15620. Target will be 15530 and 15450. Extended target will be 15380. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Resistance- 15900 Intraday Support-15450
NSE:NIFTY
by Omahto
Morning Mantra, 24th June 2022Good Morning! After witnessing a day full of volatility and a positive stock specific momentum yesterday, we are quite hopeful to witness a sharp recovery in the Market, Today. Besides, Nifty’s repetitive attempt to take a strong support at our cautioned zone of 15270-15350, has somewhat proven to be a positive sign for the bull side momentum. Moreover, as per the current chart setup, we are quite optimistic to witness a positive weekly closing of above 15580, Today. Also, now is an ideal time to begin following the Cherry Picking Strategy and go for reviewing your Portfolio. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15556.65 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya